The collaboration hopes to draw on the regional presence of Maybank AM and the global investment capabilities of Schroders.
Maybank AM, which has entities in Malaysia, Singapore and Indonesia, provides conventional and Islamic Asian-focused products to institutional, retail and high net worth investors. It also offers alternative investment products through its private equity arm, according to the statement.
“We recognise the growing demand for sophisticated, outcome-oriented global investment solutions, particularly among the high net worth community,” Badrul Hisyam, Maybank AM’s CEO, said in the statement.
“We are therefore committed to delivering a range of global investment strategies to cater to their evolving financial needs, through a pioneering tie-up with Schroders,” he said.
For a start, the two firms are launching two discretionary funds this month, which are the Global High Dividend Equity Portfolio and the Global High Conviction Portfolio, according to the statement. The products will be managed by Maybank AM in Malaysia, with Schroders in Singapore as the investment adviser.
The two firms expect further collaboration projects next year to co-develop products across other asset classes, including shariah-compliant investment products and private assets.
Maybank AM manages RM 33.7bn ($8.04bn) in assets, while Schroders’ AUM is $593.3bn globally, according to the statement.